National Bank Financial Predicts TSE:EDV FY2024 Earnings

Endeavour Mining Corp. (TSE:EDV) – National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Endeavour Mining in a research note issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $2.01 per share for the year, down from their previous estimate of $2.15. The consensus estimate for Endeavour Mining’s current full-year earnings is $4.45 per share.

Endeavour Mining (TSE:EDV) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.19). Endeavour Mining had a negative return on equity of 3.62% and a negative net margin of 8.83%. The business had revenue of C$761.83 million for the quarter, compared to the consensus estimate of C$762.66 million.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada downgraded Endeavour Mining from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$48.00 to C$40.00 in a report on Tuesday, August 6th. UBS Group raised Endeavour Mining to a “strong-buy” rating in a research note on Thursday, August 1st.

Endeavour Mining Stock Up 0.7 %

Shares of Endeavour Mining stock opened at C$32.81 on Thursday. The company’s fifty day simple moving average is C$30.79. The company has a market cap of C$8.00 billion, a PE ratio of -32.81 and a beta of 0.92. Endeavour Mining has a 52 week low of C$21.11 and a 52 week high of C$34.84.

Endeavour Mining Dividend Announcement

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, October 10th were issued a $0.561 dividend. This represents a dividend yield of 1.42%. The ex-dividend date was Friday, September 13th. Endeavour Mining’s dividend payout ratio (DPR) is -112.00%.

Endeavour Mining Company Profile

Endeavour Mining plc, together with its subsidiaries, operates as a gold mining company in West Africa. It primarily holds a portfolio of projects in Burkina Faso, Côte d’Ivoire, Senegal, and Mali. The company is based in London, the United Kingdom.